Insurance regulator IRDA has given
its go-ahead to floating of a joint venture insurance company
by Bank of Baroda, Andhra Bank and UK-based firm Legal and
General (L&G)-- called IndiaFirst Life Insurance.
Public sector Andhra Bank on Saturday said
its net profit stood at Rs 274 crore in the quarter ended
on September 30, a growth of 70 percent over Rs 162 crore
registered in the corresponding period last year.